Electronic Arts Inc. (NASDAQ: EA) today announced preliminary
results for the third fiscal quarter and a revised outlook for the
fiscal year ending March 31, 2025.
Business Outlook as of January 22, 2025
EA’s initial guidance for fiscal year 2025 anticipated
mid-single-digit growth in live services net bookings1. However,
the company now projects a mid-single-digit decline, with Global
Football accounting for the majority of the change.
Global Football had experienced two consecutive fiscal years of
double-digit net bookings growth. However, the franchise
experienced a slowdown as early momentum in the fiscal third
quarter did not sustain through to the end. As a result, EA revises
its outlook for Global Football to end the fiscal year down
mid-single-digit at the midpoint of the new outlook. Separately,
Dragon Age engaged approximately 1.5 million players during the
quarter, down nearly 50% from the company’s expectations.
As a result, EA is providing preliminary results for its third
fiscal quarter and updating its fiscal year 2025 net bookings
outlook. It now expects net bookings of approximately $2.215
billion for the third fiscal quarter and an updated range of $7.000
billion to $7.150 billion for fiscal year 2025.
For its third fiscal quarter, EA now expects GAAP net revenue to
be approximately $1.883 billion and approximately $1.11 in GAAP
diluted earnings per share.
“During Q3, we continued to deliver high-quality games
and experiences across our portfolio; however, Dragon Age and EA
SPORTS FC 25 underperformed our net bookings expectations,” said
Andrew Wilson, CEO of EA. “This month, our teams delivered a
comprehensive gameplay refresh in addition to our annual Team of
the Year update in FC 25; positive player feedback and early
results are encouraging. We remain confident in our long-term
strategy and expect a return to growth in FY26, as we execute
against our pipeline.”
“We continue to balance investment for future growth with
operational discipline, and remain committed to EA’s long-term
financial framework,” said Stuart Canfield, CFO of EA. “As we look
to FY26, we expect to grow as we launch more of our iconic
franchises.”
EA will announce its results for the third fiscal quarter ending
December 31, 2024 on February 4th, 2025 and will host a conference
call at 2:00 pm PT (5:00 pm ET) to discuss its quarterly results
and financial outlook. Listeners may access the conference call
live via a dial-in number or audio webcast.
Tuesday, February 4, 2025
2:00 pm Pacific Time (5:00 pm Eastern Time)
Dial-in numbers:
Domestic: (855) 761-5600; International: (646)
307-1097
Conference ID: 5939891
Webcast: http://ir.ea.com
EA’s financial results release will be available after the close
of market on February 4, 2025 on EA’s website at http://ir.ea.com.
A dial-in replay of the conference call will be available until
February 11, 2025 at (800) 770-2030 (domestic) or (609) 800-9909
(international) using pin code 5939891. An audio webcast replay of
the conference call will be available for one year at
http://ir.ea.com.
Forward-Looking Statements
Some statements set forth in this release, including the
information relating to EA’s expectations under the heading
“Business Outlook as of January 22, 2025” are forward-looking
statements that are subject to change. These forward-looking
statements are current as of January 22, 2025. These
forward-looking statements are not guarantees of future performance
and reflect management’s current expectations. Actual results could
differ materially from those discussed in the forward-looking
statements. Factors that might cause or contribute to such
differences include those discussed in Part II, Item 1A of
Electronic Arts’ latest Quarterly Report on Form 10-Q under the
heading “Risk Factors”, as well as in other documents EA has filed
with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the fiscal year ended March 31, 2024. EA
assumes no obligation to revise or update any forward-looking
statement, except as required by law.
In addition, the preliminary results set forth in this release
are estimates based on information currently available to EA. While
EA believes these estimates are meaningful, they could differ from
the actual amounts that EA ultimately reports in its Quarterly
Report on Form 10-Q for the fiscal quarter ended December 31,
2024.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital
interactive entertainment. The Company develops and delivers games,
content and online services for Internet-connected consoles, mobile
devices and personal computers. In fiscal year 2024, EA posted GAAP
net revenue of approximately $7.6 billion. Headquartered in Redwood
City, California, EA is recognized for a portfolio of critically
acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™,
Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College
Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs.
Zombies™ and EA SPORTS F1®. More information about EA is available
at www.ea.com/news. EA, EA SPORTS, EA SPORTS FC, Battlefield, Need
for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and
Plants vs. Zombies are trademarks of Electronic Arts Inc. John
Madden, NFL, FIFA and F1 are the property of their respective
owners and used with permission.
1 Net bookings is defined as the net amount of products and
services sold digitally or sold-in physically in the period. Net
bookings is calculated by adding total net revenue to the change in
deferred net revenue for online-enabled games.
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version on businesswire.com: https://www.businesswire.com/news/home/20250122865003/en/
Andrew Uerkwitz Vice President, Investor Relations 650-674-7191
auerkwitz@ea.com
Justin Higgs Vice President, Corporate Communications
925-502-9253 jhiggs@ea.com
Electronic Arts (NASDAQ:EA)
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